My two short term rental properties are still doing ok. Bookings are down and we’ve only had 2 cancellations, one was a school group that the superintendent forced them to cancel. Mind you, they’re cabins in the woods so it’s not like they’re apartments in NYC
There’s an Airbnb three houses down from me. They paid $550k and rent it for $160 a night maybe five times a month. The local ones are all empty. NASCAR and the fall are the busy times here in Marin county, CA. Thanks again for the CPE recommendation
There is going to be a lot of property available between bankruptcy and corona. Not trying to make light of anything but a year from now is going to be a different world. I still think we can touch 15k or less. Shit is going to get real when thousands are dying a day and they just closed the beaches by me two days ago. The beaches were packed up until Sunday.
JPMorgan Asset Management Says It’s Too Early to Buy Stocks In a walkback from their earlier statement only two days ago, JPMorgan's strategist says that it's too early to buy stocks yet. “I’m not yet confident in advocating overweight risk assets positions because you’re vulnerable in that scenario to a deterioration of the news on the medical front,” said Hugh Gimber, a global market strategist at JPMorgan Asset Management, in a phone interview. “The policy measures have helped but they’re not on their own enough for us to call a definitive bottom in this market.” https://www.bloomberg.com/news/arti...it-s-too-early-to-buy-stocks-amid-virus-risks Two days ago, JPMorgan said that the worst of the market routs was probably over: Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal in investor positioning and extraordinary fiscal stimulus, strategists led by John Normand wrote in a note Friday. Coronavirus infection rates remain a “wild card,” as they’re still high. https://www.bloomberg.com/news/arti...he-market-rout-is-probably-past-its-worst-now
First of the month, lots of new bills. Today may be the start of it “getting real” for a whole bunch of folks. Market will probably go up 3% today
I heard a good quote on CNBC regarding zoom. One of the money managers said zoom was getting overvalued and he wouldn’t want to buy it. Said my daughters aren’t going to be going to virtual bars and happy hours on the weekends when this is over.
The problem is that when you look at all the prices on puts it appears everyone believes that and they’re expensive
Gotta spend money to make money...? The serious question is, if you're buying puts, how far out do you go? They're probably not going to really tank until this thing starts to improve and most think we're not even at peak yet.
I'm being too emotional. I keep waiting for another bump before I dump. I'm going to end up holding the bag on my long positions.
So when do we consider the impact of the coronavirus stimulus and the hit on tax revenue on increasing future taxes? Mostly towards the decision between pre-tax and Roth savings for now while tax brackets are lower.
Would think this could push toward higher taxes in the future, if anything. Hard to say for sure of course.
I’m not sure about future tax rates, but I think many more states legalize recreational marijuana and sports betting in the next year
LOL Messed around bought APT, held it for a couple days, started dropping yesterday so I got out at a small loss. Proceeds to go +40% today....cool
Whiting Petroleum Declares Bankruptcy | Defaults Are Starting In the Oil Patch https://www.marketwatch.com/story/w...erating-its-business-2020-04-01?mod=home-page
Round trip tickets on AAL from ATL to LAX available for $57 right now. They gotta be just absolutely getting crushed
AAL was just slightly lower last Monday, before gaining 52% through Thursday, but they’ve given all that back and now they’re about 3-4% from falling below their lowest since 2013.
I do think though that we’re about to enter the “oh shit” phase of this economically over the next week or two. I’d be surprised if we don’t dip under 18,000 soon
Any reason to be wary of online HYSA in this downturn? We use Comenity and Vio, both FDIC insured. Fully expecting rates to tank. Just not sure if we should move that money to a money market account with our investor.
No, they're the same quality as a Wells Fargo, as far as security of the funds. Provided you use a FDIC insured one.
New unemployment claims expected to be as high as 6M, nearly double the record. Dow futures up nearly 2%
Is there a way to see breakdowns of UE? A lot of people got furloughed and can draw UE but have a job to go back to at this time. My wife is one of those people.